Cai, Fang - In: China finance and economic review : CFER 1 (2013), pp. 1-15
As China passes through its Lewis turning point characterized first by the appearance of a labor shortage and a … constant increase in wages, its labor market shows both features of the dual economy and neoclassical growth. This paper first … depicts the trend of population as a root cause of the labor market transition from dual economy to neoclassical scenario. It …